Nike's "all time high" is 2018 was $83.47. Current price = $75.37 Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness https://www.cnbc.com/2024/06/27/nike-nke-earnings-q4-2024.html
And just to see how the competition did, CROX went from $21 to $145. Sketchers from $27 to $69 and even the Nazi founded Adidas did better than Nike while paying 10x more in dividends. HAHA. People would rather buy a stock built by actual Nazis than a woke POS company like Nike.
This didn't age well, but what do you expect when you market a spoiled brat like Kaepernick as some sort of rebel icon? He was an average QB propped up by his coach Harbaugh and when he was fired Kaepernick was exposed as a poser. The real problem at Nike is the same problem with a lot of US companies betting it all on their Chinese strategy. It looked good in 2018 but now that the CCP has shown its true colors and is willing to intervene in any and all matters domestic all the companies like Nike, Starbucks, Apple, etc. are in trouble.
Let's catch up with Nike. Nike: An Epic Saga of Value Destruction https://www.linkedin.com/pulse/nike-epic-saga-value-destruction-massimo-giunco-llplf/
Adidas, Under Armour, Reebok, Puma, even New Balance, LiNing and others are making huge inroads into the markets, especially soccer, basketball, and even golf. Nike's position is eroding due to this increased competition and the fact that Nike can no longer just ride MJ, Kobe and Tiger. it is silly to think this is because of Cap when Nike has billions of dollars in so many segments.
So it's because of an ad six years ago that the stock is down? Typical weirdchild bullshit. Now do Truth Social and Tesla.
The stock has been a dog for years, idiot. Yes, a stupid ad that ran 6 years can have a dramatic impact on a stocks performance. Another Woke company goes Broke. You are the same bastard praising Disney another loser. Over the past five years, Nike (NKE) stock has experienced a total return of approximately -11.4%. This performance reflects the changes in Nike's stock price and includes dividends paid out over this period (statmuse).
So if it has been a bad stock for years then the ad wasn't a factor at all. Thanks for rebutting your own bullshit.